NOT LISTED FOR SALE

2550 Southern Ave South Gate, CA 90280

Estimated Value: $788,458 - $1,023,000

3 Beds
2 Baths
2,090 Sq Ft
$428/Sq Ft Est. Value

Last Sold October 09, 2012

Last sale price $349,900 $167 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $5,354/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Legacy High School Complex Rated A-
  • No Heating

About This Home

As of October 2012

Great duplex in Beautful South Gate!!! Nice income property or live in one and rent the other!!! Property is in good condition with new paint and garage doors! Plenty of parking and great location!!!!!

Last Agent to Sell the Property

Steven Lamb

Long Beach Real Estate License #01416452 Listed on: 07/15/2012

Last Buyer's Agent

Mary Edwards

RE/MAX College Park Realty License #01103542

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,867

Year Built

  • Built in 1949

Lot Details

  • 8,150

Parking

  • 6 Parking Spaces

Home Design

  • 2,090 Sq Ft Home
  • Traditional Architecture
  • Stucco

Additional Features

  • 8,150 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 6205029008

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,800
  • Net Operating Income $15,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,867

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.49
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6205029008
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 167.42

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8150.00
  • Lot Size Acres: 0.1870

Multi Family

  • Gross Income: 1800.00
  • Gross Multiplier: 16.20
  • Gross Scheduled Income: 21600.00
  • Lot Size Area: 8150.0000 Square Feet
  • Net Operating Income: 15720.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5880.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2012
Sold by
Electric Capital Llc
Bought by
Romero Jose P and Zatarain Romero Veronica M
Current Estimated Value
$894,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,561
Interest Rate
3.63%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 2012
Sold by
Vazquez Raul Aldana
Bought by
Electric Capital Llc

Purchase Details

Closed on
Nov 16, 2005
Sold by
Vazquez Raul Aldana
Bought by
Villa Martha

Purchase Details

Closed on
Apr 27, 2005
Sold by
Zamora Jorge and Zamora Lorena
Bought by
Vazquez Raul Aldada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 30, 2004
Sold by
Zamora Lorena
Bought by
Zamora Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2003
Sold by
Zamora Jorge
Bought by
Zamora Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
5.54%

Purchase Details

Closed on
Mar 6, 2003
Sold by
Bonilla Cesar Melendez and Melendez Martha Alicia
Bought by
Zamora Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
5.54%

Purchase Details

Closed on
Dec 20, 1994
Sold by
Melendez Jacobo and Melendez Bertha A
Bought by
Bonilla Cesar Melendez and Melendez Martha Alicia
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Romero Jose P $350,000 --
Electric Capital Llc $240,500 None Available
Villa Martha -- --
Vazquez Raul Aldada $575,000 Fatcola
Zamora Jorge -- New Century Title Company
Zamora Lorena -- Gateway
Zamora Lorena $292,000 Gateway Title Company
Bonilla Cesar Melendez -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romero Jose P $343,561
Previous Owner Vazquez Raul Aldada $448,000
Previous Owner Zamora Jorge $280,000
Previous Owner Zamora Lorena $233,600
Previous Owner Melendez Gerardo $210,500
Closed Zamora Lorena $43,800
Closed Zamora Jorge $52,500
Closed Vazquez Raul Aldada $55,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2012 10/09/12 Sold $349,900 0.0% $167 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
07/15/2012 07/15/12 For Sale $349,900 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,867 $429,755 $236,426 $193,329
2024 $5,867 $421,330 $231,791 $189,539
2023 $5,770 $413,070 $227,247 $185,823
2022 $5,506 $404,972 $222,792 $182,180
2021 $5,437 $397,032 $218,424 $178,608
2020 $5,476 $392,962 $216,185 $176,777
2019 $5,271 $385,258 $211,947 $173,311
2018 $5,082 $377,705 $207,792 $169,913
2016 $4,850 $363,040 $199,724 $163,316
2015 $4,774 $357,587 $196,724 $160,863
2014 $4,778 $350,583 $192,871 $157,712
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steven Lamb

    Long Beach Real Estate

  • M

    Buyer's Agent in 2012

    Mary Edwards

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P828695

California Regional Multiple Listing Service (CRMLS)

APN: 6205-029-008

California Los Angeles County South Gate 90280

2550 Southern Ave, South Gate, CA

This home is located at 2550 Southern Ave, South Gate, CA 90280 since 15 July 2012 and is currently estimated at $894,615, approximately $428 per square foot. This property was built in 1949. 2550 Southern Ave is a home located in Los Angeles County with nearby schools including Willow Elementary, Southeast Middle School, and South Gate Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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